Final determination - and decision
Back to topWe released our final decision on AusNet Services' distribution determination for the 2016-20 regulatory control period on 26 May 2016.
We also released a Fact Sheet to accompany and summarise our final decision. The purpose of this Fact Sheet is to make our decision accessible to a wide ranging consumer audience.
Models
Back to topThe AER must publish certain models with its final decision for AusNet Services.
Consultant reports
Back to topThe AER commissioned a number of reports which it took into account when making its final decision.
| Documents (6) | Author |
|---|---|
| Deloitte report to AER - Forecast growth in labour costs in NEM regions of Australia - 22 February 2016 ( PDF 1.95 MB ) | Deloitte Access Economics (DAE) |
| Economic Insights - Memorandum to AER - Opex input price index weights - 19 February 2016 ( PDF 332.02 KB ) | Economic Insights Pty Ltd |
| EMCa - Advice on allocation of advanced metering infrastructure (AMI) IT and communications expenditure - 14 April 2016 ( PDF 508.87 KB ) | EMCa |
| Partington and Satchell - Advice to the AER on cost of equity issues in 2016 electricity and gas determinations - April 2016 ( PDF 2.41 MB ) | Partington and Satchell |
| Partington and Satchell - Report to the AER - Discussion of the allowed cost of debt - 5 May 2016 ( PDF 1.72 MB ) | Partington and Satchell |
| Lally, Dr. Martin - Gamma and the Australian Competition Tribunal Decision - 23 May 2016 ( PDF 517.52 KB ) | Dr Martin Lally |
Final decision - Revocation and Substitution
Back to topOn 25 May the AER wrote to Ausnet indicating that it had revoked and substituted the 2016-20 regulatory determinations to correct for the inflation estimation error. As set out in the attached letter, the new determinations will have the effect of reducing the businesses revenue in the 2019 and 2020 regulatory years by the amount of the correction (in NPV terms).
Background
On 15 December 2017 the AER wrote to Ausnet setting out how it proposed to correct a mathematical error in the inflation calculation in its 26 May 2016 decision.